Funding you earn now, next payment 11:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.017%
Price spread now: QFEX against Bybit−0.100%53s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.446% of the position
Funding, last 4 days (all we have)+0.029%+$3 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.100%, 7d avg −0.065%
=Funding pays, the price is against you. QFEX is 0.035% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.065%). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 119.71 | 0 | get 0.0000% / 8h | 5h 46m | $2.2M | $708K | 25x |
| Short | QFEX BABA-USD | 119.59 | 0.0029 | get 0.0004% / 1h | 46m 40s | $1.2M | $2.9M | 10x |
Bybit BABAUSDT
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.03
- Price spread: −0.100% → −0.065%
- −$3.51
- Slippage, 4 orders
- −$23.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$42.09
- Costs to cover
- 0.446%
- Break-even
- 55.9 days
Slippage from Bybit: live order book, 3 min ago; QFEX: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 2.09 bp | 13.6 bp −$14 | 74.2 bp −$742 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.51 bp | 7.5 bp −$8 | 9.2 bp −$92 | doesn't fit | doesn't fit |
BABA on 22 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 119.69 | −0.019% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 119.71 | long leg | $2.2M | $708K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 119.63 | −0.067% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.63 | −0.067% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.65 | −0.050% | $695 | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.64 | −0.058% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USDshort | +0.0029% | 1h | 119.59 | −0.100% | $1.2M | $2.9M | 10x | |
| Lighter BABA | +0.0032% | 1h | 119.79 | +0.067% | $383K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.59 | −0.100% | $435K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.233% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 119.56 | −0.125% | $71K | $134K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.77 | +0.050% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.58 | −0.109% | $8K | $177K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.63 | −0.067% | $212K | $446K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0060% | 1h | 119.60 | −0.092% | $12.0M | $4.8M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.66 | −0.042% | $623K | $522K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.65 | −0.050% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0212% | 8h | 119.64 | −0.060% | $3K | $182K | 10x | as long as short |
| Variational Omni BABA | +0.0221% | 8h | 119.63 | −0.063% | $374K | $672K | — | as long as short |
| Binance BABAUSDT | +0.0253% | 8h | 119.66 | −0.040% | $15.1M | $33.8M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0256% | 1h | 119.62 | −0.075% | $44K | $315K | 10x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.57 | −0.117% | $67K | $109K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA